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Steemit Killer App by joseph

View this thread on steempeak.com
· @joseph ·
$243.24
Steemit Killer App
<center>![](https://steemitimages.com/DQmbpKU2v2mwy8ACF5njVj6NLrr6qhrpNRLfqKPYSKrMmic/image.png)</center>

  This week I took a trip on discord, I visited all these steemit communities, and tried to find out what's happening with each. I encourage you to do the same,  there are great ideas and great people putting a lot of time and effort to improve steemit and make it a success.

 I know we do not have to agree with every idea, but every idea deserves a chance to be explored.  The steemit communities on discord are buzzing with activities and discussions.

 They say ETH found it's killer app in something that was sitting there all along, tokens. Maybe steemit can find it's  killer app as well. 

The tokens on ethereum, good or bad, contribute to it's value.  So will these steemit communities/projects, like them or hate them, all contribute to steemit value.

When the ETH devs got involved with the DAO the result was a complete disaster, but afterwards tokens without ETH devs involvement, was what made a huge difference.

To make this short, I see all these steemit communities/projects that want to create tokens, and they do that on bitshares right now. How hard is it to allow token creation on steemit? let these projects compete for Steem contributions, not pool rewards and steemit support.  We already have token creation on bitshares, we should have the same on steem.

Steemit supporting one project and rejecting another would be equal to the DAO disaster. As that would mean direct involvement. Something that will limit creativity and chances at success. 

Sadly what I see now are mostly projects that offer to manipulate voting for a share of the reward pool. Something that is not practical or scalable on the long run.  But we should not shut these down, or play favoritism. Every community that formed around steemit does the same thing. This is the result of false guidance and low ambitions.

Ever since it's conception SBD was the perfect example of an ERC20 token, it fights with us to get loose, free itself from our imposed value to it's own speculative value, yet we remain blind to the possibility, and force our rules. We went as far as making conversions undesirable, and forcing people to sell their SBD.

Maybe we should have freed SBD as the payout token for content on steemit, and it's value left as speculative. Maybe we should have more tokens created by communities and set those as payments for each community. 

An example would be a video hosting service on steemit, the project would issue tokens trade them for steem and power up the steem to serve as voting power to award more of the same community token. The team behind the token would would approach exchanges and try to list the token with it's own speculative value. 

If communities award their own tokens from upvotes then these communities are no longer fighting for the same reward pool.
If the upvote for example awards 25% SP and 75% community tokens. Authors can publish to any community they like, and have rewards in both SP and  community tokens.

Of course not every token will be successful,  but the reduction in steem rewards and the demand for SP in community creation would create an upward price pressure that would make 25% SP much more valuable.  Curation paid 100% in community tokens would limit abuse as each community would strive to make their own token more valuable, it would be in their best interest to police themselves and curb abuse. 

Community and token creation should follow certain rules. We can set an amount of SP required to be able to create a community and associated token.  So a team with the intention of creating a community token must have a whitepaper and present investors  with an economical model of how the token holders will benefit from their efforts.

This is one way the reward pool and abuse prevention will scale. There is an incentive for communities to power up and compete, there is an incentive for authors to join more than one community and compete for different tokens. Communities would compete to attract better content, and create their own financial model. 

I know most of this would take time, but I call on steemit to start by making SBD the first test token, make SBD a speculative token, and remove conversion. Change rewards to 25% SP and 75% SBD.  The inflation you cut back in steem can be used on the internal market to buy SBD at market value and burn it.  That will give SBD enough support until more community tokens are created.

The separation of Steem from reward token/s, might be the answer we are looking for. Communities might present us an opportunity to do just that.  Steemit communities with separate rules and payout tokens will create less friction and more opportunities for community leaders to introduce new and fresh ideas. 

It was not long ago that steemitsports succeeded in creating a community of sports fans, instead of letting this community flourish and grow, we simply killed it. Why we killed it? because it was "eating at the rewards pool". A term we never stop using, "raping the reward pool", none of us stopped to think that the reward pool might be our problem.

Maybe our reward pool is centralized, it's controlled by a few individuals with their subjective taste of what is good and what is bad.  In a communities token format, whales can choose where to invest their SP, what content they think is good.  We no longer have to subject authors to a broad judgment as we do now.

Curation rewards in community tokens will force everyone to vote for the community authors that they think are producing the best content.  The competition to earn different speculative tokens will reduce friction and free the reward pool to scale.

This would be equal to creating a token economy on the Steemit platform.  It will allow various projects/teams to create their own speculative tokens and ask for contributions in steem which would be locked as SP. Another approach would be to compete for delegation that pays in community tokens.
πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 388 others
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vote details (452)
@awpmaster ·
totally agree with you !
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@joseph ·
$0.05
you must be a super fast reader to do so. I do not always agree with myself.
πŸ‘  
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@nutritionist ·
$0.28
lol
πŸ‘  
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@dine77 ·
Nice information
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@irfansardar ·
You are right @joseph
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@greatvideos ·
$0.04
your idea sound good 
and true all that is created is good for the steemit growth 
unsure if it will work but lets see what happens in the future 
i want to have steem grow at a minimum $10
πŸ‘  
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@nutritionist ·
$0.32
$10  at this rate it could be possible if people buy steem.
πŸ‘  ,
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vote details (2)
@greatvideos ·
$0.04
i hope more people join because they will buy steem too 
they will get hooked
πŸ‘  
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@spooks ·
Good one! You have a lot of interesting content there :)
Like and follow :)
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@auntigormint ·
https://media.giphy.com/media/j2PS9MGm85WkE/giphy.gif
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@hassanabid ·
pretty cool thought you have and yeah i am on discord too :)
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@jawad09 ·
# Joseph - We appreciate people like you who always give us new and interesting ideas for betterment of this awesome platform. Please keep posting !
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@artedellavita ·
I love the video hosting idea! So much yes to this!
Great article!
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@brad-saunders ·
Interesting ideas and post. I think its over my head, I am still a learning newbie.  Always! lol
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@exx007 ·
$0.03
No other alt coin than steemit I love the most. I wish we would improve it like ETH.
πŸ‘  
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vote details (1)
@anarcotech ·
$0.82
Might need a while to process this info, and let my little mind work out the pros and cons, but essentially, on first reading i think i broadly agree with the idea of different community tokens. The communities will be as powerful as their supporters, so I guess they would have to be reasonably generalised. I mean a community token for fans of 1920's bathchair racing, or officionado's of morris dancing in the nude are unlikely to get as big a following as say football. But I shall consider and possibly come back with an intelligent (and if not, potentially stupid) reply later.
πŸ‘  
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@mukhtar.juned ·
Like it
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@devrajlove ·
Love the post - your idea sound good
and true  .....pretty cool .....
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@kevinwong · (edited)
$0.96
Yes, it's exactly what ought to happen. Also, I was also thinking that all the tokenised projects out there should have a community token in Steem, exchangable. This way, people can earn other tokens just by participating in different communities on the Steem platform. It's a good way to expand public "mining" for projects.
πŸ‘  , , , , , ,
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@joseph ·
That will surly expand the horizon and make a great next move.
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@emble ·
tip!
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@mrwang ·
yessir.. #wangchange ;)
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@todderic ·
That is a fantastic idea!
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@foxkoit ·
I must read more and think :) this info is good.. but I must think more .
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@abue ·
😲😲😲😲😲
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@anonimnotoriu · (edited)
It was already discussed by @ned on this podcast. 

https://www.youtube.com/watch?v=YxFzGoDoLwU

Communities and user issued tokens are coming. Golos has already announced they will implement User-Issued Assets.
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@joseph · (edited)
$0.13
The problem I have with user issued tokens vs community tokens backed by SP is the spam that user issued tokens would create.  There should be an overhead to creating the token in holding SP. It should also relate to improving the value for Steem and SP directly.  Steem chain does not charge fees, which means steem will not be the GAS for these tokens, instead of issuing junk tokens, locking steem in SP to back up these tokens creation would give the tokens an initial value and improve the value of steem.
πŸ‘  
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@anonimnotoriu · (edited)
I say, completely decentralize token creation and let anyone and everyone issue their own tokens by just a few clicks of a button. 

The team working on Golos has announced that both of these will be implemented. I suspect that Steemit will do the same sometime next year, after the Communities feature will be implemented by the end of this year.

* Support for UIA (user issued assets). This means that you can issue your own tokens (not smart coins) and use them on our blockchain. You can find examples of the implementation on Bitshares.

* Support for Smart Coins (coins backed with different assets, as collateral at the choice of the creator represented by Golos tokens).
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@nutritionist ·
$0.27
ok. we will see.
πŸ‘  
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@sanevys ·
$0.19
There's some wisdom spoken!
πŸ‘  
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@ihsanbari ·
Yes, it's exactly what ought to happen. Also, I was also thinking that all the tokenised projects out there should have a community token in Steem, exchangable. This way, people can earn other tokens just by participating in different communities on the Steem platform. It's a good way to expand public "mining" for projects. good thinking.
follow me
πŸ‘Ž  
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@joseph ·
lol stealing @kevinwong comment on the same post? not much creativity there :D
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@celsius100 ·
joseph may be nice about it, but...............it is comment plagiarism.  So blatant that it is asking for a flag.  So....
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@softgrip ·
Upvote + resteem.  This is on the right track.

Communities rewarding and curating themselves would be such a benefit.
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@amanjain2k ·
I can't it's good or bad have to research more to do that thanks for info
πŸ‘  
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@head10 ·
It is upvoted and resteemed.
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@surpassinggoogle ·
$0.85
I like your disposition. Infact, i admire every project and initiative. I was ask a question yesterday about my view on the same issue and my here:

https://steemit.com/steemit/@surpassinggoogle/putanginamo-don-t-say-that-phrase-if-you-are-steemit-user-in-the-philippines-for-your-reputation-may-go-down-a-notch

and my outlook is similar to yours. It is not easy to innovate things and for me, i really don't look at motive for who i am i to. i admire, i admire the innovators cos they do add value and the addiction to steemit comes from all this and including the hiccups. People who leave are tempted to still wonder what's buzzing on steemit and they simply find themselves back here and are spurred into more mining with minds and further innovation. community and tokens will fix alot. Non-steemians can even come in with their communities and coincidentally i am currently doing just that. Bringing already made visions and communities and looking at how to integrate steemit and steem into it. These are most startups comprising of youths. i had to leave the above post cos though it is in Manila, i was asked questions on my thoughts on almost all the events on steemit within a short span of time, so i think reading my general outlook is relevant.

Here is another one:
https://steemit.com/steemit/@surpassinggoogle/rewardpoolrape-is-an-illusionary-word-nothing-like-that-existed-on-steemit-why-the-trending-steemit-posts-are-really-trending

And one more thing @joseph, i do have two communities but one especially, that you didn't visit and it is called "steemgigs" and it is a beauty and this is the entire vision:
https://steemit.com/growth-projects/@steemgigs/steemit-growth-projects-steemgigs-bringing-the-beauty-of-the-steem-blockchain-and-decentralization-to-the-limelight-using-fun

It has a really broad vision with token intergration in the near future especially when tokens and community starts but for now i have been pushing it manually behind the scenes on the discord. https://discord.gg/wWrnSXK

It does have almost 350 steemians but it is a community where we know the expertise of most steemians and we already can mention one steemian in every industry. with a dev request channel and dev only channel and idea factory, a place for educators etc. we are helping direct steemians into creation of dreams and vision and instill the culture of applying their expertise in being part of history or dreams of others. We are currently using this knowledge of the steemit community to help accomplish steemit growth in the search engines if we can reach 5000 steemgigs posts and by means of the action of steemgiggers who innovate more; e.g steemit.com sponsored woodmade library has been built due to a steemgig and books and clothes have been given out in the real world, all attributed to steemit. The newbies we are bring in on steemit are also mostly startups with ready made vision but without any blockchain knowledge so we create a space for them etc it is draining for me basically but i am pushing. the truth is most of the value happens behind the scenes in the base of the community but on steemit.com the instant way to measure value is mostly by the sbd on blogs. many things do happen on the discord. for instnace at the meetup you will be amazed to find many filipino steemians who are developers and infact are developing apps to bring steemit to mainstream in the philppines. an app to make steem powered app to disrupt an asian renown bitcoin powered remittance and some are looking into making steemit.com accessible in philippines on free data like facebook which is free if you have a globe sim here and for the most part free. and steemgigs was there to spot them and we'll be given them a space on the discord to brainstorm with them. More recently, it became too draining but not tire out, got the "steemgigs" witness to keep the fire burning. We are also currently helping busy.org find developers and ekitcho is the discord to waiting to recruit. I think you should visit too. most of its power happens in the dms for now but sometimes it booms. see the dev-request centre. it is amazing when new steemians start to look at steem early beyond just the blogging!
πŸ‘  , , , , ,
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@joseph ·
$0.21
OK on steemgigs now. sorry I did not visit all the discord channels yet, working my way now.
πŸ‘  
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@surpassinggoogle ·
Thank you alot. Mine isn't very popular, that is why i spoke about it
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@nutela ·
$0.68
Hi @surpassinggoogle would you mind writing your URLs in line [like this]()? I use text-to-speech from Mac OS and it's also much better to read if you make the blog post you are referencing part of the text we're reading!
πŸ‘  ,
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@surpassinggoogle ·
Yes nutela, i am hopeful to get back here and do just that. The truth is, i haven't tried or come to know how to do that, but thinking of it now, i think i do; with the steemit editor, the one with mark down features. I will be back!
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@malay11 ·
$0.02
You are great. Very Good Post.
πŸ‘  
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@knowthyweakness ·
I am honestly always interested in trying new things so I say if these ideas get out into action i want to be apart of it
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@rawpride ·
This sounds like a brilliant idea!
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@celsius100 ·
First thought........simply brilliant!  Community tokens would take on their own value and free up the rewards pool on steemit.  I am interested to see how long it takes to do this on a mass scale.  This could be a game changer.
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@atta09 ·
Thankyou for sharing ,, amazing and nice post 
I like;)
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@sharadkotadia ·
Good information
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@voice-of-one ·
what are the best discord servers about steemit for me to join? i'd like to give this a try myself but am struggling to find the right communities. I am new to steemit and just began posting a few days ago so i want to ensure i am growing my profile properly and i think talking to some veterans of steemit could be very beneficial. Message me if you have any useful tips. Thanks! great post, upvoted
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@bangrifi ·
I look forward to your help
πŸ‘  
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@swissx ·
Since when did we start clickbaitting here?
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@rody ·
Amazing, very good work :)
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@shaheer001 ·
$0.03
good luck mate.
πŸ‘  
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vote details (1)
@muhammadhaekal ·
Good post @joseph, I see your post always improved, why with my post there is no support and no one likes. Could it help me for his support. thank you I've followed you guys
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@mrwang ·
$0.45
whoa.. interesting ideas you proposing. I have a token for fans and supporters of mine.. hold  a certain amount and you  get upvotes from me.. hold a full token and receive shares from my rewards. 

If it isn't manipulating or taking advantage of the reward pool, it still has something to do with it.

Either way.. great post, something to consider. 
<a href=https://steemit.com/@mrwang><IMG src=https://steemitimages.com/0x0/https://steemitimages.com/0x0/https://steemitimages.com/DQmZGqEfzosRaYYDqW33fMcUAr56dioXn9Jqgdo1nGwrPMZ/artist%20formerly%20known%20as%20wang.png></a>
πŸ‘  
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@tradewonk ·
Interesting ideas and post. totally agree with you !
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@purpleblob ·
$0.03
Cool post, Steem will rise significantly if we just create a token.
πŸ‘  
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@donkeypong ·
Yes, tokens are important. A lot of projects need something like that.
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@munzil ·
Hey brother, can you help me. Because every post I always have a little supporters and make me less enthusiasm.
https://steemit.com/introduceyourself/@munzil/introduce-meet-me-munzil-from-aceh-perkenalan-2017728t124144191z#@gaman/introduce-meet-me-munzil-from-aceh-perkenalan-2017728t124144191z-gaman-07292017
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@davidpire100 ·
Nice post dude,  if you want you can follow me, iΒ΄m  beginner here, but i want to get money in that social network (vote)
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@shasol ·
Very Informative  post. Thanks joseph
Upvoted
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@younes31 ·
amazing 
thak you
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@digitalopus ·
Good job. Here is a gift of my version with Mandolin. https://steemit.com/openmic/@digitalopus/steemit-open-mic-week-44-entre-dos-aguas-paco-de-lucia-cover-rodnell-matos-digitalopus
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@daljit ·
very nice post dear
πŸ‘  
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vote details (1)
@dlina-v-metrah ·
But small tokens will not have a special price. And people will still want to get SteΠ΅Π΅ΠΌdollars.
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@bachone ·
Thanks for your post, it will deffinently encourage people to visit discord myself included.
Good post and content!
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@mother2chicks ·
What you are suggesting seems intelligent enough. The problem is I am not entirely understanding.  Will continue to educate myself on this token creation. Thanks πŸ“πŸ“
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@ezequieltorres ·
good luck
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@vikasjaat ·
I want to develop some apps, m asking questions repeatedly in comments on posts that are related to apps development. Even wrote posts for that, but no one is ready to answer my questions. 

In this way steem will grow.. cheers mates facebook twitter Reddit is no more in competition πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚
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@chidiebereegbo ·
yeah love what you said there ..everyidea deserves a chance to be explored ..great..
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@johnnyray ·
while I am new, and a lot to learn, i have built many platforms in the past, for now I learn so thank you for great information
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@elaine54 ·
Its a very interesting idea that I would never have considered before reading your post.Thanks for making us all aware of the possibility and starting us on the road to discovery. Upvoted, now Im off to checkout more of your posts
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@safwaninisam ·
We steemit very new users expect equal treatment among users of the old steemit with the new one, Because by giving equal opportunity between users of new and old, will add to the interest of other users, so that users will be more steemit to the fore, even users of social media such Facebook, tweeter, even instagram, will switch to using steemit one day, but the differences of caste in the fellow steemit users may need to be remove.
***Regards @safwaninisam***
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@ejemai ·
Too many people see steemit as a blogging website, meanwhile there is so much to do around here. Getting the steem token will help more community grow and thrive.
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@padmakshi ·
very nice post
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@trendhobo ·
I assume voter manipulation is a big  draw for the programmers tasked with making these Steemit apps. Not saying that will be the final result, but It would be really suspect. Gotta keep this honest.
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@joserc.vzla ·
Excellent post, greetings ..
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@nutritionist ·
$0.29
Steemit token economy. Cool.
πŸ‘  
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vote details (1)
@davidrestrepo ·
$0.46
Awesome!
πŸ‘  
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vote details (1)
@nueza ·
Really a steemit Killer App. Thx for the Post.
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@mursin ·
Good post
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@steemian69 ·
As Long As There Are New Ideas And Continious Efforts To Make Steem Better It Would Definetly Be A Success :)
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@saxana ·
Very, very interesting. Thank you.
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@furion ·
Is is not clear to me, why should anyone want to buy tokens (in general).

The economic model behind each token requires more solid fundamentals, speculative frenzy notwithstanding.
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@arcange ·
Congratulations @joseph!
Your post was mentioned in the [hit parade](https://steemit.com/hit-parade/@arcange/daily-hit-parade-20170806) in the following categories:

* Upvotes - Ranked 5 with 395 upvotes
* Pending payout - Ranked 4 with $ 245,32
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@gardengirlcanada ·
You are right. I see a few people who have the influencial voting power. I make a research and post a good content, and can get 80+ votes and only recieve like $5, but then other posts that I do can have only 15 Votes and get like $9. I just cannot understand. I guess as my followers increase in their reputation level the votes value will go up. Thanks for the good read.
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@abupasi.alachy ·
Interesting post i like greetings from @ abupasi.alachy
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@npharrison ·
If the problem is the lack of size in the rewards pool, then the solution would be to get more money into the pool. In general currencies gain value by 'exporting' stuff. In the traditional economy the more a country exports the more its currency goes up. If a community trading in a crypto currency can 'export' something that can be sold in USD, then the value of the currency goes up. So for example, if steemit sold advertising space, but only sold it in steempower then advertisers would have to sell USD and buy steempower, putting money in the pool.
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@beautypics ·
I want to invite you to a challenge my friend. it makes me happy if you like to find answer of my puzzle.

https://steemit.com/game/@beautypics/play-game-201787t20314584z
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@kingscrown ·
$4.32
Maybe Bitshares is the killer app for STEEM actually? :)
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properties (23)
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vote details (20)
@brianphobos ·
If we could trade BTC , BCC, and the alt coins in the Internal Market!  That would attract a lot of attention to Steemit!
πŸ‘  ,
properties (23)
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vote details (2)
@inzeen ·
Great ! This is a game changer move.
properties (22)
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@nutela ·
Too late again for such a gem! I usually find out too late, ergo not all posts are created equal. Rather than changing current functionality I would support the *additive* approach: just create more tokens and see which ones fare well and which ones go under to use the water/steem analogy ;)

Currents always flow to the sea, eventually all money flows to the bank. While river-BANKS control the current other people like to flood villages because *they need to make dams*. Let everybody make tokens and fork Steem. A front-end could read *both* blockchains. Why? Because content is a broad definition and like I wrote in [my post; some forms of content like films require vastly more resources then a silly blog post](https://steemit.com/steem-dev/@nutela/monetizing-content-requires-tracking-assets). *And* thus needs more time to monetize.

I also keep losing track of the cool guys like you, friends-feed front-end anyone?
properties (22)
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